Common use of Rights of Ownership Clause in Contracts

Rights of Ownership. You acknowledge that, with respect to Securities Used by JPMS (i) in certain circumstances you may not be able to exercise voting and other attendant rights of ownership, (ii) rather than a dividend you may receive a payment which will not be eligible for the preferential tax rate or treatment which may apply to dividends and (iii) JPMS may receive and retain certain benefits (e.g., payments) to which you will not be entitled. Other than as specifically described in this Section 16, no such Use shall limit JPMS’s Obligations to you hereunder.

Appears in 19 contracts

Samples: Institutional Account Agreement (Global Diversified Futures Fund L.P.), Institutional Account Agreement (Diversified 2000 Futures Fund L.P.), Institutional Account Agreement (Morgan Stanley Smith Barney Spectrum Technical Lp)

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